Royce Micro-Cap Trust, Inc. (NYSE:RMT) Short Interest Update

Royce Micro-Cap Trust, Inc. (NYSE:RMT) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 52,200 shares, a growth of 71.1% from the February 13th total of 30,500 shares. Based on an average daily volume of 121,300 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

Royce Micro-Cap Trust Stock Up 1.0 %

NYSE:RMT opened at $8.49 on Friday. Royce Micro-Cap Trust has a 1 year low of $8.35 and a 1 year high of $10.43. The business has a 50 day simple moving average of $9.65 and a 200-day simple moving average of $9.71.

Royce Micro-Cap Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Thursday, March 13th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 8.96%. The ex-dividend date of this dividend is Thursday, March 13th.

Insider Activity

In other news, insider Charles M. Royce sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $9.94, for a total value of $497,000.00. Following the completion of the sale, the insider now directly owns 1,120,942 shares of the company’s stock, valued at $11,142,163.48. This trade represents a 4.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 150,000 shares of company stock valued at $1,489,500 in the last ninety days. Insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On Royce Micro-Cap Trust

Several institutional investors have recently modified their holdings of RMT. Comprehensive Money Management Services LLC bought a new stake in shares of Royce Micro-Cap Trust during the 4th quarter worth approximately $149,000. Quantedge Capital Pte Ltd lifted its stake in shares of Royce Micro-Cap Trust by 27.8% during the 4th quarter. Quantedge Capital Pte Ltd now owns 56,497 shares of the financial services provider’s stock worth $551,000 after acquiring an additional 12,300 shares during the last quarter. Logan Stone Capital LLC lifted its stake in shares of Royce Micro-Cap Trust by 181.7% during the 4th quarter. Logan Stone Capital LLC now owns 91,912 shares of the financial services provider’s stock worth $896,000 after acquiring an additional 59,288 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Royce Micro-Cap Trust by 4.9% during the 4th quarter. Bank of America Corp DE now owns 504,401 shares of the financial services provider’s stock worth $4,918,000 after acquiring an additional 23,550 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in shares of Royce Micro-Cap Trust by 10.3% during the 4th quarter. Stifel Financial Corp now owns 60,831 shares of the financial services provider’s stock worth $593,000 after acquiring an additional 5,681 shares during the last quarter. 34.98% of the stock is owned by institutional investors.

About Royce Micro-Cap Trust

Royce Micro-Cap Trust, Inc is a closed-ended equity mutual fund launched and managed Royce & Associates, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies with market capitalization of less than $500 million.